Hogan Companies Sell “Five Buoys at Rock Creek” Project to Koch Homes

Lawrence J. Hogan, Jr., President and CEO of the Hogan Companies headquartered in Annapolis, Maryland, announced today that the company recently brokered the sale of Five Buoys at Rock Creek, a planned community located in off Fort Smallwood Road in Pasadena, in Anne Arundel County, Maryland.

The Hogan Companies handled the sale as a broker for the seller, 8641 Fort Smallwood LLC. The community was originally approved as active adult, but received record plat approval for a market rate community in mid-April. The purchaser, Koch Homes, paid $1,090,000 for the project and plans to immediately proceed with development. The Hogan team also brokered tree reforestation credits for the developer of the project.

Kevin Setzer of the Land Brokerage Division of the Hogan Companies was responsible for all aspects of the transaction bringing both the seller and purchaser together.

The Hogan Companies, the leading land brokerage firm in the state of Maryland has been responsible for the sale of more than 40,000 residential lots. Hogan represents numerous land owners, individuals, lenders and institutional sellers of land.

The firm also assists numerous national and regional investors, developers and home builders with the acquisition of lots and development projects.